Internet Capital Group Inc. (ICGE) Message Board

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Technology Stocks : Internet Capital Group Inc. (ICGE)

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To: Mohan Marette who wrote (254)	8/14/1999 6:44:00 PM
From: Tom D	Read Replies (3) of 4187

Threw in the towel and bought some at $28 on Friday. I have been out of town vacationing for a week. No internet access. Bought 2K shares at limit of $28 via E*Trade with an order before the market opened, when I saw the PPI. I still hope to buy another 4K shares around $24 or $25, (have given up on the high teens) but I'll probably have to get lucky. I think ICGE is overvalued, but what promising internet company is not? I am deferring an investment in HomeStore because, on reflection, I agree that it appears that they exist to prop up real estate agents' fat 7% commissions. Buying stock in HOMS would probably be like buying stock in MSFT. It may make money, but I don't like what they are doing on an emotional level. Hopefully the internet will make it possible for folks to buy homes without paying 5 or 10 thousand dollars to a real estate agent, who will add less and less value for home buyers in the future. Tom D

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